£1 million investment

Aberdeenshire-based Oilfield Machinery Ltd (OilMac) has invested almost £1 million into new premises in Forfar to facilitate client demand for cost effective serviced storage solutions. The move was supported with significant funding from Clydesdale Bank in a deal facilitated by Commercial Relationship Manager Ian Grant. The expansion has created two new job posts within the company, including the appointment of David Walker as financial director to enable the business to achieve its growth potential.

Alex Fyfe, managing director at OilMac, said: “Investing in expanding our site in Forfar allows us to offer additional serviced storage to our clients at highly competitive rates and, in turn, to address storage cost issues being encountered by many of our customers.”

He continued: “The increased storage space also provides us with the ability to source further surplus oil and gas equipment. By offering unused equipment, off the shelf, it ensures a quicker leadtime for clients – as we increase our available stock, it increases the likelihood that we will have the exact equipment our clients require. This all leads to significant cost savings for the client.”